philip morris international (PMI) Details

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprise Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company also owns various cigarette brands comprising Sampoerna, Dji Sam Soe, and U Mild in Indonesia; Fortune, Champion, and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. The company was incorporated in 1987 and is headquartered in New York, New York.

philip morris international (PMI) Key Developments

Philip Morris International, Inc. Amends By-Laws

Mar 13 15

On March 11, 2015, the Board of Directors of Philip Morris International Inc. amended Article II, Section 2, of the company's by-laws, in order to decrease the size of the Board from thirteen (13) to twelve (12) members, effective immediately prior to the 2015 Annual Meeting of Shareholders.

Philip Morris International Declares Regular Quarterly Dividend, Payable on April 10, 2015; Carlos Slim Helú to Retire from the Board of Directors, Effective May 2015

Mar 11 15

The Board of Directors of Philip Morris International Inc. declared a regular quarterly dividend of $1.00 per common share, payable on April 10, 2015, to shareholders of record as of March 26, 2015. The ex-dividend date is March 24, 2015.
The company also announced that Carlos Slim Helú will retire from the Board of Directors at the Annual Meeting of Shareholders in May 2015.

The Arkansas Supreme Court on February 26, 2015 affirmed class-action status for a lawsuit alleging that Philip Morris violated the Arkansas Deceptive Trade Practices Act by making false claims about Marlboro Lights. Wayne Miner and James Easley filed the suit on behalf of themselves and all others similarly situated. The suit alleges that the company falsely represented that Marlboro Lights contain less tar and nicotine than other cigarettes and are more healthy than other cigarettes. Pulaski County Circuit Judge Tim Fox granted class-action certification for the suit, with the class defined as all people who bought Marlboro Light or Ultra Light cigarettes in Arkansas for personal consumption between November 1, 1971, and June 22, 2010. Philip Morris appealed. In a 6-1 decision on February 26, 2015, the Supreme Court said Fox did not abuse his discretion. Justice Josephine Hart wrote in a dissenting opinion that she would have reversed Fox's ruling. She noted that not everyone who purchased Marlboro Lights during the specified time frame would have done so based on Philip Morris advertising and said it is impossible to ascertain who did or did not buy a certain brand of cigarettes over a 39-year period.

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